CryptoTA4U

CryptoTA4U Updated 

Crazy action in AAPL, but makes sense if we are in the last thrust of the last wave complex. What will Powell say that will cause the markets to crash after tomorrow? Maybe the bulls have it and AAPL is catching a ride on SpaceX's rockets to the moon. Thoughts?

CryptoTA4U

Looks like it has completed an ABC correction with a throw over on a 5th wave ending diagonal. If so, could spell bad news for global equities (since they are all in a similar corrective wave right now it seems). Lots of ending diagonals out there. Check out the German market too: The UK is putting in a pretty weak effort (not even to 50% retracement yet),...

CryptoTA4U Updated 

Possibly starting wave C down soon. Might see a throw over of this ending diagonal before the fall, but at this point even Cramer is saying "stupid" money is rushing in to the market. RUT (those stocks who are at most risk of a near term default) and the smaller components of the SP500 are actually getting a bid now! The airlines (guess retail did not learn from...

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Cup and handle idea. Just a way too early idea.

CryptoTA4U Updated 

Nice H&S topping pattern forming. Next target would be about 2640ish. The rotation to safety (piling into MSFT, AAPL, GOOG, AMZN) has gotten completely overdone as most are now at/near all time highs....it's about the only thing holding up the market at this point (besides the Fed of course). Won't be pretty when participants realize that the MAGA stocks are...

CryptoTA4U Updated 

Global debt out of control. How will all these companies who could barely manage their debt pre-Covid manage increased debt with higher borrowing costs and weakened consumer demand after Covid-19 lockdowns end? Remdesivir was per Dr. Fauci "highly significant if you look at time to recovery." Sorry folks but it looks like GILD moved the goal posts (changed the...

CryptoTA4U Updated 

Come on bulls. Push this thing to 199. Looking to short there. Been watching this a while now. Patience has been key.

CryptoTA4U Updated 

As it says on the chart Major resistance: 1. 0.618 retracement level at 2625 2. AB=CD at around 2615 3. Possible wave 4 (could not exceed 2630) 4. Approaching overbought RSI levels Seems to me the risk for a short at these levels (between today's close and 2630) is outweighed by the chance for gain. Stay tuned.

CryptoTA4U Updated 

AAPL revised their revenue forecast and will drag the S&P500 down with it. SPX should start leg 5 (subwave of a larger wave 3) down in earnest tomorrow. This morning (1/2/2019) started down but the bulls were able to fight off the bears for one more day and converted the pattern to a continuation of the abc corrective wave. The bulls were unable to push the SPX...

CryptoTA4U Updated 

Boy don't I wish I had shorted AAPL on the throw over of the ascending wedge. It has re-entered the wedge, but seems likely to fall through now. Watching for a break of the lower trend line. May then bounce back up to lower trend line which would then serve as resistance. If fails to break this resistance, lower targets come into play! Posting so I can...

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the above idea plays out. Are you shorting the NASDAQ into the New Year? Just an idea.

CryptoTA4U

Looks like BTC completed 5 waves down within a channel for a wave C (wave 1 was extended). It has also completed a possible ABC correction of this move down. I've detected a trendline suggesting BTC may see a temporary 5 wave bounce from here. I anticipate a pull back (possibly to 6075) followed by a move up. If this happens and we see BTC break the recent...

CryptoTA4U Updated 

FB bounced off a signficant trendline today after completing a 5 subwaves up pattern. I believe this recent move created wave 3, and FB now started wave 4 down. It looks like it should target the trendline around 182, though a more rapid move could certainly see it touch lower than that. I may look to enter a short position if FB crosses the trendline as drawn...

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Broke out (down) of the RSI channel, broke out (down) of an ascending wedge. Start of C wave down?

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Well, I was about ready to enter a position on GE if it could successfully bounce off the neckline. Glad I did not enter a trade, as it would have been a fail! Important to be patient at times with these trades, particularly when you are going against a strong trend.

CryptoTA4U Updated 

Well, sure looks to me that Microsoft (MSFT) has made a double top (and if you count the first peak a triple top). The confirmation will be if MSFT falls below $87. A few characteristics of a double top reversal (as published on stockcharts.com's description): 1. Prior Trend: Check. 2. First peak marks highest point of current trend: Check. 3....

CryptoTA4U Updated 

Just an idea looking at the waves (and lots of them). I'm not tied to this particular idea, just throwing it out there as one possibility. The alternative as I see it would involve BTC falling through the trendline shortly. Thoughts?

CryptoTA4U Updated 

A) Elliott Waves: 5 wave pattern for wave X (part of a more complex corrective pattern WXYXZ?) with wave 5 right around a 1:1 extension of wave 3. B) RSI: Ascending wedge broken after entering overbought territory C) MACD crossover D) Volume divergence (volume tapering as price is increasing)